Quarterly ResultMay 8, 2026, 04:12 PM
Marygold Companies Q3 Net Income $222K; Revenue $7.19M; Plans Divestment
AI Summary
Marygold Companies, Inc. reported a significant financial turnaround for the third quarter ended March 31, 2026, achieving a net income of $222K compared to a net loss of $1,012K in the same period last year. Revenue also saw a healthy increase to $7,189K from $5,522K year-over-year. The company announced a strategic decision to dispose of its Food Products segment, which is now classified as discontinued operations, and previously completed the sale of Brigadier Security Systems in July 2025.
Key Highlights
- Net income for Q3 2026 was $222K, a significant improvement from a net loss of $1,012K in Q3 2025.
- Revenue increased to $7,189K in Q3 2026 from $5,522K in Q3 2025.
- Loss from continuing operations improved to $136K in Q3 2026 from $1,572K in Q3 2025.
- Basic earnings per share turned positive at $0.01 for Q3 2026, compared to $(0.02) in Q3 2025.
- The company committed to a plan to dispose of its Food Products segment as of March 31, 2026.
- Brigadier Security Systems was sold to a related party on July 1, 2025, resulting in a $521K gain.
- Net cash used in operating activities improved to $2,448K for the nine months ended March 31, 2026, from $2,818K in the prior year.
- Net cash provided by investing activities was $1,373K for the nine months ended March 31, 2026, compared to $2,765K used in the prior year.